Excerpts from Lasso Corporation's most recent balance sheet appear below: Year 2 Year 1 Preferred...
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Accounting
Excerpts from Lasso Corporation's most recent balance sheet appear below: Year 2 Year 1 Preferred stock $170,000 $170,000 Common stock 540,000 540,000 Additional paid-in capital--common stock 264,000 264,000 Retained earnings 540,000 470,000 Total stockholder's equity $1,164,000 $1,094,000 Net income for Year 2 was $159,000. Dividends on common stock were $62,000 in total and dividends on preferred stock were $27,000 in total. The return on common stockholders' equity for Year 2 is closest to:
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